How long does it take for money to be credited to the account?
The transfer time depends on factors such as the time of day, the type of payment and the payment system used, as well as the nature of the transaction (a transfer within the same bank or between different banks).
If you use the Faster Payments System (SBP), the money is usually credited within a few seconds. A standard bank transfer is credited within a few hours in most cases, but in rare cases the crediting may take up to 5 days.
What should I do if money was sent to a closed current account?
In this case, the money is usually returned to the sender automatically, as the transaction cannot be completed due to invalid bank details. The refund usually takes from one to three business days. If the funds are not credited back within the specified period, contact the bank that made the transfer and request cancellation of the transaction.